The financial information to be reported with respect to U.S. Reportable Accounts includes interest, dividends, and account balance, income from certain insurance products, sales proceeds from financial assets and other income generated with respect to assets held in the account or payments made with respect to the account. Reportable accounts include accounts held by individuals and entities (which includes trusts), and the IGA includes a requirement to look through passive entities to report on the relevant Controlling Persons.

​For purposes of the CRS, Financial Institutions resident in SA (referred to as Reporting Financial Institutions or RFIs) that must apply the prescribed due diligence requirements to find reportable accounts and report the prescribed information, include any Financial Entity (whether a legal entity or legal arrangement such as a trust or partnership) that is a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company. Certain Financial Institutions or financial accounts are specifically excluded under the CRS. The CRS Regulations give a generally description of exclude FIs or accounts and specific exclusions are listed in Annex 1 and Annex 2 to the regulations.

​For the CRS, the information required for account reporting is described in Section I of the CRS Regulations.

Insofar as they (other than a headquarter company) pay a “dividend” as defined in section 64D(1), which includes dividends and foreign dividends.

Dividends Tax is payable by the beneficial owner of the dividend, but is withheld from the dividend payment and paid to SARS by a withholding agent. The person liable for the tax, however, remains ultimately responsible to pay the tax should the withholding agent fail to or withhold the incorrect tax. An exception to this general principle is where a dividend consists of a distribution of an asset in specie, resulting in the liability for the tax falling on the company itself (such as with STC), which means that it may not withhold the tax from the dividend payment.

1) In the 'Who must submit' column, the list of entities include the companies listed but may in some cases not be limited to the list. in the case of IT3(s) and Dividends Tax, the list is limited to the entities mentioned.